PCP or HP!?

[Nicks]

hey

has anyone ever taken out a PCP out on a car!? I currently have a hp agreement and it seems okay..

I'm just wondering if there are any hidden catches if you get the pcp agreement?

cheers

[debbie4979]

There is no hidden catches, but dont go over your agreed mileage, infact slightly over estimate what mileage you are going to do and put in about 10% deposit in because it should generate a 10% deposit at the end when you want to change cars again.


Hope that makes sence

[Supersonic]

hey

has anyone ever taken out a PCP out on a car!? I currently have a hp agreement and it seems okay..

I'm just wondering if there are any hidden catches if you get the pcp agreement?

cheers

Hi Nicks,

I work in vehicle finance, so if you ever need any specific advice regarding a type of lease arrangement or would like any guidance on the subject matter, please contact me.

In terms of PCP's be aware of all the small print and because of the Minimum Guaranteed Future Value (MGFV) at the end of the lease, you have to watch your mileage. There are other equivalent arrangements that don't feature the fixed mileage such as Lease Purchase and this may be something you may wish to request further information on.

It is a bit of a mind-field out there with all the jargon so it pays to swat up in advance before committing to anything.

if you want me to look into something on your behalf let me know.

Regards

Supersonic